Global Sphere broke ground for a solar-panel manufacturing plant in the central province of Thua Thien-Hue.
The Hanoitimes – WorldTech Transfer Investment and the UAE-based Global Sphere broke ground for a solar-panel manufacturing plant in the central province of Thua Thien-Hue.
The 15ha plant in the PhongDienIndustrial Park is expected to cost nearly 6.25 trillion VND ( $300 million).
Phase one of the project, the first by a UAE investor in the province, will be finished in 30 months and have an annual capacity of 60MW.
This will go up to 250MW in the second phase.
A large project such as this would boost the province’s socio-economic development, especially its industrial sector, authorities said.
The 400ha PhongDienIndustrial Park so far has five tenants with a combined registered capital of 50 million USD and employing over 4,000 workers.
By 2020 it will expand to 700ha with focus on information technology, machinery, automobile assembly, electronics, packaging, agro-forestry-fishery, and garments.
